KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Average Rating of “Moderate Buy” by Brokerages

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.0667.

Several research analysts have commented on the company. Barclays raised their price objective on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, May 12th. Wall Street Zen raised KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Griffin Securities set a $24.40 target price on KE in a research report on Wednesday, April 8th.

KE Trading Up 1.4%

NYSE:BEKE opened at $16.60 on Monday. The business’s 50-day moving average is $16.53 and its two-hundred day moving average is $16.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. KE has a 12 month low of $14.40 and a 12 month high of $20.98. The firm has a market capitalization of $18.57 billion, a PE ratio of 39.52 and a beta of -0.35.

KE (NYSE:BEKE) last released its quarterly earnings data on Sunday, February 15th. The company reported $0.02 EPS for the quarter. KE had a return on equity of 5.47% and a net margin of 3.77%.The company had revenue of $3.17 billion for the quarter. Research analysts predict that KE will post 0.67 earnings per share for the current fiscal year.

KE Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 8th were paid a $0.276 dividend. This represents a yield of 176.0%. The ex-dividend date was Wednesday, April 8th. KE’s dividend payout ratio (DPR) is 52.38%.

Hedge Funds Weigh In On KE

A number of hedge funds have recently bought and sold shares of BEKE. DNB Asset Management AS boosted its position in shares of KE by 1.4% during the third quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock worth $1,083,000 after buying an additional 801 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of KE by 8.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock worth $192,000 after buying an additional 809 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of KE by 2.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after buying an additional 970 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of KE by 39.1% during the third quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock worth $101,000 after buying an additional 1,490 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of KE by 10.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock worth $284,000 after buying an additional 1,671 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.